FACT CHECK: Did FTX Sponsor Study On Ivermectin Efficacy?
A post shared on Instagram purports defunct Crypto exchange FTX funded international research collaboration group TOGETHER’s study discrediting Ivermectin’s efficacy in treating COVID-19.
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FTX became a sponsor of TOGETHER a few months after the study from the foundation was released. There is no evidence the company had directly influenced the study.
The Department of Justice has recently requested an independent examiner to investigate the fraud claims surrounding FTX and their owner, Sam Bankman-Fried, according CNBC News. In a recent interview, the former CEO defended himself, stating he did not commit fraud, CNBC News reported.
The Instagram post purports that FTX was one of the sponsors of a recent study that called into question the efficacy of Ivermectin in treating Covid-19 infections. The post features a screenshot of a tweet claiming FTX funded the study littered with text from the Instagram user.
“Holy crap look who funded the trial that said Ivermectin didn’t work,” the tweet reads. (RELATED: Does This Video Show Ted Cruz Saying He Has Documents That Would Implicate Adam Schiff?)
There is no credible news report that supports the claim that FTX was a sponsor of that study. While FTX is not listed as a trial funder on TOGETHER’s website, the exchange did become a sponsor of the organization in May 2022 after the Ivermectin study was released in March 2022.
TOGETHER Trial’s study found that Ivermectin was not effective in reducing hospitalization of Covid-19. “Treatment with ivermectin did not result in a lower incidence of medical admission to a hospital due to progression of Covid-19.”
This is not the first time misinformation about COVID-19 has spread online. Check Your Fact recently debunked a claim that the Director of the World Health Organization said the COVID-19 vaccine kills children.